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Imperfect Information and Saving in a Small Open Economy
Roitman, Agustin; Daude, Christian - International Monetary Fund (IMF) - 2011
Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We show evidence suggesting that uncertainty about the underlying stochastic process...
Persistent link: https://www.econbiz.de/10008876576
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Identifying the Linkages Between Major Mining Commodity Prices and China’s Economic Growth-Implications for Latin America
Yu, Yongzhen - International Monetary Fund (IMF) - 2011
China has been an important factor behind the increase in domestic demand and high investment growth, while its export …, in the second part of this decade economic growth in China could slow down. For Latin American countries, export receipts …Major mining commodity prices are inherently volatile and cyclical. High levels of investment in China have been a key …
Persistent link: https://www.econbiz.de/10009019591
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India: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very …
Persistent link: https://www.econbiz.de/10011244601
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India’s Recent Macroeconomic Performance: An Assessment and Way Forward
Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …
Persistent link: https://www.econbiz.de/10011142116
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Investment-Led Growth in China; Global Spillovers
Ahuja, Ashvin; Nabar, Malhar - International Monetary Fund (IMF) - 2012
-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers … from an investment slowdown in China. It finds that a one percentage point slowdown in investment in China is associated … vulnerable to an investment slowdown in China. The spillover effects also register strongly across a range of macroeconomic …
Persistent link: https://www.econbiz.de/10011242248
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Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?
Drummond, Paulo; Liu, Estelle X. - International Monetary Fund (IMF) - 2013
€™s exports. Although rising trading links with China have allowed African countries to diversify their export base across … countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China … with an average 0.6 percentage point increase (decline) in SSA countries’ export growth. This impact is larger for …
Persistent link: https://www.econbiz.de/10011142109
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Financial Intermediation Costs in Low-Income Countries; The Role of Regulatory, Institutional, and Macroeconomic Factors
Poghosyan, Tigran - International Monetary Fund (IMF) - 2012
We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a...
Persistent link: https://www.econbiz.de/10011242199
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Macroeconomic Implications of Financial Dollarization; The Case of Uruguay
Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008
Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...
Persistent link: https://www.econbiz.de/10011245904
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Recent Developments in European Bank Competition
Sun, Yu - International Monetary Fund (IMF) - 2011
This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition. The results suggest that the level of bank...
Persistent link: https://www.econbiz.de/10009151235
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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
Cevik, Serhan; Correa-Caro, Carolina - International Monetary Fund (IMF) - 2015
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries …. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …
Persistent link: https://www.econbiz.de/10011242236